McKayla Girardin, Car Insurance Writer
No, CarShield is usually not worth the money since CarShield is a below-average vehicle service plan provider, based on customer reviews and Better Business Bureau ratings. You would need to have $1,200 to $1,600 in car repair costs covered per year just to break even, and CarShield has a lot of coverage exclusions.
As a result, CarShield is not a great option for long-term coverage. However, if you are looking for a relatively low-cost way to cover mechanical repairs on your vehicle for a short period of time, CarShield could be worth considering.
Why CarShield Could Be Worth It
- Low cost: plans start at $99/month
- Short-term commitment: plans can be purchased on a monthly basis and cancelled at any time
- Variety of plan options: 5 plans available, plus a plan for motorcycles and ATVs and a roadside assistance program
CarShield vehicle service plans are pretty cheap, considering comparable extended warranties and vehicle service plans cost anywhere from $1,000 to $3,000 in total. Additionally, those extended warranties often require a long-term commitment. For example, Carchex only offers contracts ranging from 12 to 84 months.
For long-term coverage, you may want to consider CarShield alternatives, like putting the money toward a savings account to use for repairs, or even purchasing mechanical breakdown insurance through your insurer.
To learn more, check out CarShield’s profile and read WalletHub’s full CarShield review.
People also ask
Did we answer your question?